Calastone, a London-based global funds network and technology solutions provider for the wealth and asset management sector, has entered into a definitive agreement to be acquired by Connecticut-based SS&C Technologies in a transaction valued at approximately £766 million (around US$1.03 billion).
The deal is subject to regulatory approvals and is expected to close in the fourth quarter of 2025.
Following completion, Calastone will become part of SS&C’s Global Investor & Distribution Solutions division.
The integration aims to enhance the group’s technological capabilities and operational scale within the global asset and wealth management ecosystem.
Founded in 2007, Calastone operates the world’s largest transaction network for investment funds, linking over 4,500 financial institutions across 57 markets.
Its infrastructure is used to automate trading, settlement, and distribution processes.
The acquisition will combine Calastone’s fund network with SS&C’s capabilities in fund administration, transfer agency services, and automation.
The combined group intends to offer a unified platform to reduce operational complexity and cost for clients.
“This is a proud moment for everyone at Calastone,”
said Julien Hammerson, Calastone CEO.
“SS&C’s global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market.”
Bill Stone, Chairman and CEO of SS&C Technologies, added:
“Calastone has built an impressive network and platform, and together we will create a more connected, automated and intelligent global fund ecosystem.”
The agreement follows Calastone’s partnership with The Carlyle Group, which acquired a majority stake in the company in 2020.
Since then, Calastone has expanded its international operations and product offerings, including services for ETFs and digital assets.
Featured image credit: Edited by Fintech News Switzerland, based on image by pressfoto via Freepik
